(REOPENS DCM89)

On Brexit, the World Bank chief said even though many questions are "up in the air", there has been an impact and it is very clear because uncertainty is something that markets do not like.

"So for developing countries, one of the impacts that we see is that money has moved to safe havens like gold, US treasuries, Japanese yen," he said.

India has been very resilient but will be affected if there are more uncertainties, Kim added.

"If there are continued uncertainties, if there are more events that create more uncertainty then certainly everyone would be affected including India," he said.

The World Bank head further said he is "a very strong believer" in multilateralism and European Union is one of the greatest examples of "our attempted multilateralism".

"...I believe the key to peace and prosperity, shared prosperity, lies in strengthening multilateralism and not move away from it. Thats my very strong belief. What I hope is that European Union will come out of this stronger," Kim said. PTI DP NKD ABM

This is unedited, unformatted feed from the Press Trust of India wire.

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